Bernstein sets USD 266 target for ServiceNow stock

Published on 10/23/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ServiceNow expands AI products with USD 1.00 billion in annual contract value. ServiceNow stock trades at EUR 138.13 on October 23, 2026.

AI expansion and earnings date

Bernstein set a USD 266.00 price target for ServiceNow on October 20, 2026.
Second-quarter revenue rose 24.00 percent to USD 3.99 billion.
ServiceNow stock traded at EUR 138.13 at 10:33 a.m. CEST on October 23, 2026.

Editorialfoto von Börsenhändlern vor großen digitalen Kursanzeige-Bildschirmen an der Börse — ServiceNow Inc. (US81762P1021) wird im Börsen-Editorial mit Händlern vor Kursbildschirmen der Börse dargestellt, Illustration mit AI erstellt.

ServiceNow (ISIN US81762P1021) drew a higher USD 266.00 price target from Bernstein on October 20, 2026, as the software company expanded its artificial-intelligence offering. Yahoo Finance reported that ten firms raised ServiceNow targets between October 13 and October 20.

AI contracts set the test

ServiceNow's second-quarter subscription revenue rose 24.50 percent to USD 3.88 billion, while total revenue increased 24.00 percent to USD 3.99 billion. Annual contract value from AI deals crossed USD 1.00 billion in the second quarter, giving the October results a direct test of commercial demand. These figures were reported by Yahoo Finance.

What does AI growth mean?

The answer will depend on contracted growth rather than product launches alone. ServiceNow's current remaining performance obligations rose 21.00 percent to USD 13.20 billion in the second quarter, while management raised full-year subscription guidance to USD 15.76 billion to USD 15.78 billion, according to Yahoo Finance. The figures place AI monetization and recurring commitments ahead of the next report.

Three dates shape the story

On October 6, 2026, ServiceNow launched AI Workflow Factory globally, combining process mining, agent building and AI governance, as reported by Yahoo Finance. On October 7, 2026, the company announced that third-quarter results would follow after the market close on October 28, 2026, according to ServiceNow. On October 20, 2026, Bernstein set its USD 266.00 target, according to Yahoo Finance.

Next date is October 28

ServiceNow's next substantiated event is the third-quarter results release on October 28, 2026, after the close. The company said the conference call would begin at 2:00 p.m. Pacific Daylight Time, according to ServiceNow.

Stock price and valuation

ServiceNow stock was trading at EUR 138.13 at Lang & Schwarz on October 23, 2026 at 10:33 a.m. CEST. Its primary listing is on the NYSE under ticker NOW, and the market capitalization was USD 162.3 billion as of October 22, 2026. The 52-week range was USD 81.24 to USD 192.97 on that date.

The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.